still. startup t.v. dot com. big drawls of britain with barclays bank now the three top executives have quit over the interest rate rigging scandal. continuing to roll as the u.k. thanking system including the bank of england come under fire in the wake of the latest banking scandal. syria's president assad denies clinging to the leadership and says he go if it brought peace meantime fighting is raging nationwide with global efforts struggling to end of the. russian foreign minister warns the syrian opposition not to destroy the results of the geneva conference saying it's a prime chance to solve the sixteen month conflict here in the country more details on that just ahead. iran says new western oil sanctions will close future nuclear

negotiations this is the country conducted tests of long range missiles capable of hitting israel and american middle east bases. hello this is r t it's eleven pm tuesday night here in moscow my name's kevin irwin with the top stories for you this hour and it's one of the world's biggest banks but in just two days a rate rigging scandal seen three of its most senior executives forced out barclays bank was caught fixing a key interest rate which overcharged customers when the financial crisis struck the biggest sculptor day c.e.o. bob diamond hours later then the chief operating officer followed him out while the chairman's promise to go to when replacements are found is a london correspondent sara firth. well it's been a truly terrible week for the city's reputation and it could be set to get even

worse than we've already seen buckley's bank leaves a number of its top executives that of kools coming in the wake of the revelations the buckley's was involved in fixing key interest rates known as libel those interest rates were responsible for setting the calls for millions of businesses can see him as an investor is now following in the footsteps of the resignation of bucky's chief executive paul dimond we've also seen buckley's chief operating officer jerry messier resigning as well but of course this story is so you much bigger than just a few key individuals this isn't about that apple's this case is much deeper than that and is once again giving us a glimpse really into the rotten core of the city's banking sector now the big question now is what is going to happen next all they're going to be more big resignations this scandal has once again called into question the entire culture

and practices of the banking industry and is not just bought cases thought as much as up to fifteen other institutions could also be implicated in this scandal now remember this is the industry this always he both sides over the last four years the credit crunch a double dip recession a slew of stories about scandals involving extortion of bonuses you know we know all about the lifestyles of the rich and the shameless what the public want to know now is what is actually going to be done about it who took the inquiry at this point simply not going to cut it the public wants to see some real action here they're already big questions being all over why the regulatory bodies once able to step in now we know the serious fraud office the f.s.a. is looking at whether any criminal sanctions can be taken that's going to take a couple of weeks before we. get any answers but of course everyone is going to be watching very closely as the former chief executive of barclays bob diamond gets

quizzed by m.p.'s over what exactly happened barclays who was involved what went down there. so a further correspondent who learned that senior economist at the new economic foundation james medway says the whole of the u.k. needs to chew should not change the culture of the city in a financial institutions in london it is pretty vile this is a get rich quick cut your throat really quite unpleasant environment for any kind of businesses to be operating it's not quite right to just talk about the coach here this is systemic this is the way these institutions work coaches a byproduct if you have institutions that are set up to make a fast book as quickly as possible and not care how it's made then of course you get a culture that promotes this is well so i think we have to look deep in culture we have to talk about real institutional change and what's interesting about this is the way in which it has started as a problem just of one bank and then became very rapidly apparently even on the

evidence of the financial services authority presented there's other banks were involved in rate rigging and it's now sort of extended one way or the other to the bank of england itself to the central bank in a serious questions being asked apparently conversations that took place between bob diamond and the deputy governor of the bank of england in october two thousand and eight that led to barclays believing it had a kind of license to go because the bank of england was saying it was ok to do this that's barclays kind of defense of its actions so really it's not just the private banks it's the central bank itself starts to look implicated in all of this. britain's banks may be dressing up their debts but in germany they've got better ways of dealing with rainy days are putting aside from it anyway it seems saving savvy germans on a luxury shopping spree to safeguard their cash against the troubled euro report shortly on the program. we're focusing on syria now president assad says he's prepared to leave his post if that's the will of his people and if it brings

stability to his country the opposition meanwhile says all syrians must retain the right to defend themselves before any deals on the leadership or to go ahead all the while clashes between government troops and rebels raged nationwide as a financial report from damascus. president bashar assad has syria is now ready and will welcome any solution to the ongoing crisis here in the country if only it guarantees the country's sovereignty commenting on the geneva peace initiative to create an interim government uniting the opposition and current regime the syrian leader has also stated that he satisfied that the document stressing that it's up to the syrian people to decide the country's future in another interview he had just recently to the turkish newspaper he has sat that he wishes that this downing of the turkish plane by serious never happened three days after the geneva meeting while the skepticism is growing that the peace initiative

forged by world powers at the weekend will only remain a solution of paper we're only hearing from the russian foreign minister that this plan is a very good chance of prime chance to solve the crisis the sixteen month loan crisis here in syria. fortunately some members of the syrian opposition started saying that the geneva proposals are only acceptable whereas some western participants of the geneva talks have come up with distorted interpretation as in their statements we believe that the geneva communiqué should not be open to interpretation which should be implemented as agreed today is the second day of the syrian opposition mission in cairo and the main idea of this meeting was to uni fi to hammer out a common vision on this syrian conflict in order to gain some respect some trust from the syrian people the syrian opposition has indeed been criticized harshly recently for being too fragmented to be trusted and the opposition itself has confirmed that it has. to be more united and has to have

a common vision on how to end crisis in syria the opposition is divided and while the reason one part ready to talk wanted to discuss this interim government initiative there is another part that only wants to can. new fighting and doesn't want any dialogue with anybody and also surprising to hear that just days after the un has confirmed that both sides of the syrian conflict i recall the responsible for the violence here in the country and what was supplied to both the regime and the rebels have been escalating the conflict correspondent damascus there are still to come this corruption and coercion in the lazio we got to find addition of journalists on his interview show coming up it's been hearing all day today malaysia's opposition leader talking on the program to the world famous school supply or about the violent struggle and fair election. iran

says new western oil sanctions could negatively on the future of nuclear negotiations tensions are mounting around to around there's a new bargo aims to put pressure on his atomic program is out his middle east correspondent. we hearing from the radio foreign minister that iran wants a situation he says that the only other alternative is confrontation which is not in anyone's interest now this comes as the israeli every remaining problem in drafting a grave that calls for the frustration of the shipment of crude oil through the strait of hormuz to countries that support sanctions against iran and now this follows the queen back the european union they have called for the ball go on iranian oil that was passed back in january it went into effect this past sunday now also today choose day government announced that it had to test a number of missiles including long range missiles that potentially could hit us

here in the persian gulf the situation on the ground is certainly intensifying the united states has sent for minesweepers to the persian gulf to boost its fleet there and that comes amid renewed threats by iran that it is closing a wall potentially or could potentially close the strait of hormuz there have been three rounds of negotiations between iran and the six world powers and so far things have yielded no breakthrough there is a now the meeting happening today tuesday in istanbul it's a low level meeting that is looking at seeing whether or not there's any kind of common ground between the sides that could then lead to fully fledged negotiations but the expectation of today's meeting is rather dismal iran accuses the international powers of dragging their feet and says that it's not in their interest to reach any kind of compromise or any kind of solution at the same time iran is insisting that its nuclear program is for peaceful civilian purposes but

we're hearing continuously from powers such as the united states countries like israel and other countries that they suspect that iran's nuclear program is merely a cover for being nuclear warfare. and she was lucy german says the unusual sanctions will only fuel the already tense relationship between iran and the west these sanctions are very serious sanctions they are cutting nearly a fifth of iran's oil expert exports. fantastic pressure on the people of iran. very very high food prices inflation i don't believe these sanctions have the effect of stopping the nuclear power program i think much more likely is they will increase tensions between the between the countries already we have american ships in the gulf threats to close the

straits of hormuz. this is a very very serious situation i don't see the justification for the sanctions are right but the european union thinks it can dictate to countries in the middle east or elsewhere what of course leaves open the very very big question which is who actually does have nuclear weapons and the only power has them is israel in the seems to be absolutely no sign on israel for having developed them and for having acquired a large number of nuclear weapons. on wednesday the european parliament make a key decision about an online piracy pact which critics say runs a stake through internet freedom the anti cultivating trade agreements known as actor is designed to tackle large scale copyright infringement the secretly drafted treaty is the brainchild of companies ranging from entertainment giants to pharmaceutical firms it said to give them if it went through the power to force

internet providers to cut off people's web access hundreds of thousands one in europe barely of them in the year against its violates freedom of expression and their online rights even key e.u. figures have spoken out all resigned against active which they see as too flawed and too intrusive live under scotland just talk to robert harris he's the pirate party u.k. science and technology spokes person good evening robert thanks for being on r.t. international now the likelihood is isn't it that the e.u. will say no but does that kill it off in europe completely or is it maybe going to reemerge in some of the twenty two states which have signed up for it but not yet ratified it where is it going to go. to go so. that the people who.

are on. very very powerful know. anyway ok there's a lot of argument so i'm going to devil's advocate keep it go it but support opponents of out to argue their legal rights there's two sides to it yeah but where is the line do you think where one person's rights becomes an infringement. very. in terms of the right i think some will have a right to any money received. when we share online and no money changing hands along with me that's not. selling dodgy the down the market. together may have been trying. to do you know sharing online engine hands.

with. parts. come from here oh ok now the global claims it's losing billions despite what you say there are dollars a year from from copyright cheats that they say they try to cost at my soap or in the states then act now they're not going to sit by whatever you say and let people swap their stuff without paying there are they. know that. but i think it was. you know young people are generally. in this is just the norm. we don't insist that it could be all. of our coach or they're not in. the lobby going to try to push this. over the coming years i think it was good of the. week and we get one year and eventually we'll get the point where they just can't anymore. what are people like you doing to

to meet these companies in the middle of a speak so that the people who make the movies and make the music they invest the time in it they develop these things or develop the medicines as well don't get ripped off don't feel they're being ripped off or we'll get to enjoy these things at a fair price are you going to get around the table and talk any time soon. any. you know. they don't want to. go there. they want how we. don't want that. so it's more about now. actually. trying. to.

reducing. the money. things already. in crime or i will be to see what happens tomorrow we're going to with act we're all watching very carefully from robert harris from the power of party u.k. thanks ever so much. julia sarge it's been anything but a quiet fortnight the us baying for blood on one hand of sweden and turned to his extradition for questioning over alleged sex crimes and he's currently seeking asylum indeed inside ecuador's embassy in london suspects the swedish extradition is a cover for america to seize him for blowing the little billet crimes in iraq and afghanistan but recently the tensions but the plight of freedom for others to talk show this

appearing here on this very channel and in the final edition of that series for now at least of the whistleblowers program a son today talked of the laziest opposition leader about the violent struggle for free elections in his country. underestimate the wisdom of the people you have the . government sources every night in the national media abusing me and still increase marriage already but worse is to use this is a political ploy clamp up charges you have the police in finally when the judicially although finally quit but never said it was independent right through the entity allowed that was. discussed to you and you used this for. democracy democratic elections judicial independence in. the process. and as mentioned the latest

and final edition of the series for now news interview shows coming up again if you're not ready for a bit later this hour in about just over ten minutes in fact and you watch the entire series any time you'd like streaming on our web site about dot com talk in a way there's also reporting on online right now. this for a smashing a display there brazilian fighter pilots here could be in big trouble they got a bit too close to the supreme court building and shattered the windows. and tragedy on the track as well sad story this a test driver for russia's formula one team crashes during a test she's in hospital with serious injuries updates on her condition or online emotional or very best of. germany is by far the strongest economy in the eurozone but it still felt the punch of the euro crisis over the currencies fetes led some germans to stash their cash away from the banks as xander boyd has

been finding out. best for economy good for business detroit cross has been selling vintage cars for almost three decades but he says he's never had a better run of trade than in the last year and a half and use of the euro's instability has sold the wills of his business so well there is stiff competition event to become one of his customers. to the gold of the go rob you have the markets in your garage and the nuggets the old cars and i think they buy more than. before the crisis price tags in his collection run from a mere fifteen thousand euro to a massive three million for the bands. and while in the past the majority of his clients have a real passion for classic wills which are crosses now dealing with a new kind of buyer those who just want to part of their money for profit this car

is a b.m.w. . only built two hundred fifty two cars and in two thousand and. five you have to spend for a call like that three hundred fifty thousand euros and today you have to spend a million real estate or jewelry almost all luxury sales are now reporting in as germans fearful of the euro collapsing. churning that embattled cash in just something they see as more durable it's not like money has always been burning holes in german pockets traditionally the people of this country have been pretty conservative spenders but the average household putting aside eleven percent of the time come what may be your a spiritual shrouded in uncertainty more and more gentlemen for now buying into the idea that saving is wasting low interest rates combined with increasing inflation made savings accounts and profitable more than a decade ago. but back than few believe the euro crisis vindicated here

once and for all turning a once diligent saver into germany's most. vocal advocate of spend spend spend more and more people get. nervous even like the luxury people like rich people. things to they don't believe the money and come home renovations to expensive medical procedures fear of the possible devaluation is pushing germans into a spending spree and his dental clinic the appointment calendar is already booked for several months ahead and the clinics director himself is in no mood to wait and see his just bought a house that he never intends to live in my. twenties. or can be. the only. people who want to. don't want. and while in other countries this would be taken as a sign of growing consumer confidence for piggy banking germans this really is

spending for a rainy day i can avoid the artsy reporting from munich in germany. let me bring you up to date on some other top world news headlines tonight former french president nicolas sarkozy's house and office have been raided as part of a campaign financing probe police are investigating whether it broke election fund limits with cash from france's richest woman liliane bettencourt the lawyer l. cosmetics a arrested something he denies it was proving to be a bad time for french ex presidents two former leader chirac was convicted last december of embezzling funds in creating phantom jobs for friends. a series of deadly bombings in iraq's targeted shia muslims a truck blast claimed at least twenty nine lives and exploded at a market in karbala which will host a major pilgrimage next weekend hours earlier five others died in a similar market attack in a twin car explosion in central iraq there's been a spike in nationwide violence since u.s. troops pulled out last december. u.s.

secretary of state hillary clinton has apologized for the nato airstrike that killed twenty four pakistani soldiers last november pakistan is yet to comment but it's thought it might now reopen nato supply routes into afghanistan which have been closed since the deadly strike washington's previous refusal to apologize has kept both sides in deadlock for the past seven months the routes are increasingly vital to the u.s. as well as it prepares to withdraw troops from afghanistan in twenty four to. twenty four minutes past eleven o'clock at night here in moscow to be tree i spy at the business desk now it was a short training session that night in the us had a course of independence day all the markets doing them well in the u.s. indeed the markets already closed to close on a positive note so pretty much the only thing that's trading right now commodities and notably oil sector what's happening over there basically on the back of increased concern surrounding iran and it's reported that military drills have caused investors to keep on buying into commodities that's after friday's huge leap

so brant now breaking the one hundred dollars per barrel milestone. once again it was actually above one hundred one at one point but shortly the send it into into one hundred and seventy cents per barrel this hour and we've been talking to analysts today and they've been saying that in this case in case that they are disruptions what analysts are worried about russia will not be able to of course provide more oil as it's already producing at peak levels but its recent shift towards asia will give it a bucket of. pressure is exporting more oil to the far east through a new pipeline to parts of the world which is relying heavily on a rainy noise and there is a potential the russian oil heading to the far east will gain market share from the iranians and that might be a permanent shift if purchases such as japan korea. and china

switched increasingly to taking more russian oil so there might be a permanent benefit from the situation. and this has provided of course a huge boost to the russian market well all global markets were up around one percent or less russia has outperformed its peers it's up to a half percent for the my sixty three point eight for the r.t.s. on a stronger ruble look at in the second moving the my sex or financial shares notably burbank was in the leaders up almost four percent as you can see there gas prom her two point three percent as it said sold its price issue with germany's in stockholm this quarter and now will lower post factum gas prices that it's applied to in the fourth quarter of two thousand and ten and lukoil was surprisingly weaker than the markets just one and a half percent so despite this huge leap more oil prices on the currency market the

russian ruble saw very strong support from the oil price it was up around well more than one percent against the past. the euro and the dollar meanwhile the euro continues its climb versus the greenback on the us markets we've had positive statistics coming out of the factory orders of point seven percent the month of may that's up to two months of consecutive the wind so that's a very positive sign and therefore that is the nasdaq up a half a percent indeed tomorrow there will be no trading as its independence day fourth of july and in europe also positive session very much in line with a global trend with barclays still in the lead in london following that libel story and the chairman of the company. that's the way the business looks at this hour you believe daniel bushell will be here eight twenty am moscow time to bring your wednesday up to him ok thanks very much now coming up i know you've been watching it dmitri i've been watching the views of love that we have got the next episode but it's the last of the series of the julian assange show it's all in just

a few minutes an hour after i brought you a recap of this hour's top stories in just over two minutes from now on our team from moscow.

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